Ethereum News Today: Bit Digital Shifts Focus to Ethereum Staking and Reports 235.8% Net Income Surge in Q2 2025

Bit Digital Inc. (BTBT) is undergoing a strategic transformation aimed at positioning itself as the largest Ethereum (ETH) treasury platform in the public market, according to CEO Sam Tabar. In a recent statement on X, Tabar highlighted that following the successful initial public offering (IPO) of its high-performance computing subsidiary WhiteFiber (WYFI), the company is now fully focused on expanding its Ethereum treasury operations. Bit Digital is shifting away from its previous emphasis on Bitcoin mining and is realigning its capital and operational strategy toward Ethereum-based staking and fund management [1].

As of August 11, 2025, Bit Digital held a total of 121,076 ETH, with 105,015 ETH actively staked, representing a significant increase from the 30,663 ETH it held as of June 30, 2025. This growth was funded by proceeds from equity offerings conducted in June and July 2025, allowing the company to scale its ETH holdings without diluting shareholder value [1].

The company’s financial performance reflects this strategic shift. In Q2 2025, Bit Digital reported a net income of $14.9 million, or $0.07 per diluted share, a stark contrast to a net loss of $12.0 million in the same period the previous year. Adjusted EBITDA for the quarter was $27.8 million, compared to a negative $3.8 million in Q2 2024, primarily due to a $27.2 million gain on digital assets [1]. The rise in earnings is attributed in part to the success of its cloud services segment, which generated $16.6 million in revenue—a 32.8% year-over-year increase—and the launch of a new colocation services business in late 2024 [1].

Bit Digital’s pivot to Ethereum is supported by its retained stake in WhiteFiber, the high-performance computing company that completed its IPO in August 2025. The company holds a 74.3% interest in WhiteFiber, valued at approximately $468.4 million as of August 13, 2025, providing Bit Digital with a stable source of funding to expand its Ethereum treasury in a non-dilutive manner [1].

The company is also decommissioning its Bitcoin mining operations, with active hash rate at approximately 1.2 EH/s as of June 30, 2025. Bitcoin mined is being used to settle operational expenses and convert into ETH, further reinforcing its commitment to Ethereum [1]. This strategy aligns with the company’s long-term vision of becoming a leading ETH treasury and staking platform, with the aim of delivering sustainable, institution-grade returns through disciplined capital allocation and risk management [2].

Bit Digital’s cash and cash equivalents stood at $181.2 million as of June 30, 2025, supporting its ambition to scale its Ethereum treasury and enhance shareholder value through staking yields and treasury growth [1]. The company’s strategic realignment underscores a broader industry trend toward institutional-grade staking and digital asset treasury management, positioning Bit Digital as a key participant in the evolving Ethereum ecosystem.

Source: [1]Bit Digital, Inc. Announces Second Quarter of Fiscal Year 2025 Financial Results (https://www.prnewswire.com/news-releases/bit-digital-inc-announces-second-quarter-of-fiscal-year-2025-financial-results-302530245.html)

[2]Bit Digital (BTBT) Q2 2025 Earnings Transcript (https://www.fool.com/earnings/call-transcripts/2025/08/15/bit-digital-btbt-q2-2025-earnings-transcript/)